Italy's antitrust fines Eni and other oil firms for unfair competition

Italy's antitrust regulator said on Friday it had fined Italian energy major Eni (ENI.MI), opens new tab and five other oil companies operating in the country for practices restricting fair competition in the sale of fuel for trucks.

The antitrust body said the fines totalled more than 936 million euros ($1.09 billion) and had been levied against Eni, Esso, Ip, Q8, Saras and Tamoil.

Earlier, the southern European nation had handed Amazon a fine of $1.3 billion. Italy fined the American e-commerce giant for restricting competition in e-commerce logistics services in Italy. At the time, it was one of the biggest penalties imposed on a US tech giant in Europe.

“We will continue to defend our position on the case. More than half of all annual sales on Amazon in Italy come from small and medium businesses (SMBs)," Amazon said.

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